In cerebration of the DOW rebounding to 10k...this is actually going to be a stock related post. Actually not stocks...but specifically online brokers.
I've been trading stocks online for over ten years now (FML I'm getting old) and have used MANY a brokers. Over the years I have experiemented with probably 7-8...etrade, datek, ameritrade, wit capital, schwab, firsttrade, scottrade, etc. Needless to say I've experienced a wide range of service amongst these brokers in this highly fragmented marketplace.
About a year ago I tested out Tradeking - a lesser known player but a playa nonetheless. Surprisingly I had never heard of them...but after calling and giving their website a test drive I figured try them out and transferred one of my Scottrade accounts over.
...A month later - the remainder of my accounts/securities were ALL over at Tradeking. These guys are the absolute ROCK STONE NUTS.
Unless you are someone who is mad old school and feels the need to physically spend time with a broker - IMO, you can't go wrong with the boys at TK.
1) Customer service
2) Extremely competitive pricing schedule
3) An excellent customizable web interface
I really don't even know where to start when it comes to the customer service...these guys are so far above the rim its ridiculous. However you contact them, email, chat, phone - you NEVER have to wait, and in addition to that - these people KNOW what they are talking about.
5 bux a trade people...5 bux. Ya I know some places are cheaper, and even free in some cases - but I'm GLAD to pay them for the trade. Oh and for those of you still who have not yet heard of the internet...call em up and it's STILL 5 bux. I don't think you can find anyone under 25 when you pick up the phone for a trade. Oh and none of those silly IRA/inactivity fees...no minimums either.
Big fan of their website/interface - fresh, easy to navigate, and customizable.
Oh one other HUGE thing - they offer DRIP for any security that has it available. This was a HUGE part of the reason I was seeking alternatives to Scottrade last year...HADDDD to get my DRIP on - had gone way too long without it.
Give em a shot.
-BRACKCHIPS
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